Belvedere Resources Ltd.
TSX VENTURE : BEL

Belvedere Resources Ltd.

October 06, 2009 17:36 ET

Belvedere Commences Drilling on Their Kiimala Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2009) - Belvedere Resources Ltd. (TSX VENTURE:BEL) ("Belvedere") is pleased to announce that it has commenced a 3000 metre diamond drill program on the Kiimala gold property. Drilling will be focused initially on the K1 target (Angesneva).

David Pym CEO states "...the restart of drilling on the Kiimala property marks an overdue return to gold exploration and development for the company. This first phase of drilling is aimed at following up the excellent results achieved in the 2006 and 2007 drilling at K1 (Angesneva) along strike and to determine the depth extents to the mineralisation. The K1 target is just one of several high priority targets on the property and we are very pleased with the developing potential of the Kiimala gold property."

The Kiimala property hosts numerous occurrences of vein and shear hosted gold mineralisation along a 15 kilometre strike length. Outcrop in the area is less than 5% with the remainder covered by glacial deposits 3-10 metres thick. All known occurrences are sub-cropping beneath shallow glacial sediments. Belvedere has concentrated work to date on the K1 (Angesneva) target. More information can be found on the companies website. http://www.belvedere-resources.com/english/operations/gold/Kiimala.

Typical intersections from earlier Belvedere drilling at K1 have been:



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Hole ID From To Interval Au g/t Gram Metres
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BELANG003 49.3 111.05 61.75 1.19 73
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BELANG004 88.15 179.6 91.45 1.75 160
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BELANG005 165.74 192.34 26.6 2.09 56
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BELANG006 198.4 230.15 31.75 1.20 38
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BELANG006 249.98 280.76 30.78 1.09 34
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BELANG007 193.27 209.78 16.51 2.02 33
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BELANG008 247.18 287.2 40.02 2.52 101
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BELANG009 127.82 167.65 39.83 2.39 95
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BELANG009 172.77 207.61 34.84 1.47 51
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BELANG010 101.5 128.01 26.51 1.81 48
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BELANG011 40.71 76.62 35.91 1.30 47
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The scientific and technical information contained in this news release was prepared by Dr Toby Strauss, who is a "Qualified Person" as defined under National Instrument 43-101.

About Belvedere:

Belvedere Resources Limited is a Canadian incorporated mining company with a primary focus on gold, cobalt, copper and nickel in Finland. The company has a considerable portfolio of advanced gold properties in Finland and plans to use the extensive mining experience developed in the company to rapidly progress these towards production.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statement, which involve known and unknown risks and uncertainties. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this release.

Contact Information

  • Belvedere Resources Ltd.
    David Pym
    CEO
    (604) 844-2838
    or
    Belvedere Resources Ltd.
    Toby Strauss
    COO
    (604) 844-2838
    or
    Belvedere Resources Ltd.
    Vancouver World Trade Centre
    999 Canada Place
    Vancouver, BC. V6C 3E2, Canada
    www.belvedere-resources.com